Number of U.S. Public Companies vs. the Net Percentage of Share Buyback for the S&P 500 The number of U.S. publicly traded companies is on the rise, thanks to a strong bull market. Image: BofA US Equity & Quant Strategy
S&P 500 Real Total Return and Secular Trend Has the current secular bull market several more years left to run? Image: Fidelity Investments
S&P 500 Total Return – The Market Cycle Since the March low, the U.S. stock market continues to behave like a secular bull market. Image: Fidelity Investments
S&P 500 Total Return – Bear Market Bottoms This chart shows bear markets over the past 100 years. Is a new bull market cycle underway? Image: Fidelity Investments
Cash in Customers’ Cash and Margin Accounts vs. S&P 500 Market Capitalization Free credit (cash) in customer accounts as % of S&P 500 market cap has moved lower, offering further bullish confirmation for the S&P 500. Image: BofA Global Research
Sentiment – AAII Bull/Bear Spread and S&P 500 Retail investors remain bearish, despite the market rally. Image: Morgan Stanley Research
Weekly S&P 500 GICS Level 1 Sector Breadth This bullish chart shows that the S&P 500 GICs level 1 sector breadth moved above five, confirming the 2020 market rally. Image: BofA Global Research
S&P 500 – Anatomy of a Decline Is this a new bull market? Not yet, although the S&P500 has gained 20% from the low of 2192. Image: Fidelity Investments
S&P 500 Forward Return and Two Consecutive 3% Declines This table suggests that the current sell-off is a correction in a bull market. Image: Fundstrat Global Advisors, LLC
University of Michigan Stock Market Increase Probability Next Year and S&P 500 Drawdowns This chart suggests to remain vigilant on the U.S. stock market, when bullish sentiment is so high. Image: Bloomberg
S&P 500 Total Return Index and U.S. High Yield/High Grade Chart suggesting a bullish market that is getting stretched and vulnerable. Image: BofA Global Investment Strategy